SB254 Alabama 2014 Session
Bill Summary
Under existing law, credits against insurance premium taxes are provided for private property insurance carriers who write homeowners insurance policies which include wind coverage in the counties of Alabama which are contiguous to the Gulf of Mexico and Mobile Bay, but only where at the time of the writing of the private policies the property was insured under the Alabama Insurance Underwriting Association, in an amount of 20 percent of the insurance premium tax otherwise due in Zone 4, and 35 percent of the insurance premium tax otherwise due in Zones 1, 2, and 3
This bill would revise existing law to provide credits in an amount of 20 percent of the insurance premium tax otherwise due in Zones M4, M5, B4, and B5, and 35 percent of the insurance premium tax otherwise due in Zones M1, M2, M3, B1, B2, B3, and South ICWW
To amend Section 27-1-24.1, Code of Alabama 1975, relating to credits against insurance premium taxes for private property insurance carriers who write homeowners insurance policies which include wind coverage in the counties of Alabama which are contiguous to the Gulf of Mexico and Mobile Bay, but only where at the time of the writing of the private policies the property was insured under the Alabama Insurance Underwriting Association, to change the zones in which the credits are available.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 3, 2014 | H | Assigned Act No. 2014-420. |
| April 3, 2014 | H | Signature Requested |
| April 3, 2014 | S | Enrolled |
| April 3, 2014 | S | Passed Second House |
| April 2, 2014 | H | Motion to Read a Third Time and Pass adopted Roll Call 1094 |
| April 2, 2014 | H | Third Reading Passed |
| March 13, 2014 | H | Read for the second time and placed on the calendar |
| March 6, 2014 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means General Fund |
| March 6, 2014 | S | Engrossed |
| March 5, 2014 | S | Motion to Read a Third Time and Pass adopted Roll Call 688 |
| March 5, 2014 | S | Hightower motion to Adopt adopted Roll Call 687 |
| March 5, 2014 | S | Hightower Amendment Offered |
| March 5, 2014 | S | Hightower motion to Adopt adopted Roll Call 686 |
| March 5, 2014 | S | Finance and Taxation Education first Substitute Offered |
| March 5, 2014 | S | Third Reading Passed |
| February 12, 2014 | S | Read for the second time and placed on the calendar with 1 substitute and |
| January 21, 2014 | S | Read for the first time and referred to the Senate committee on Finance and Taxation Education |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB254 Alabama 2014 Session - Enrolled |
| Bill Text | SB254 Alabama 2014 Session - Engrossed |
| Bill Text | SB254 Alabama 2014 Session - Introduced |